February 09, 2012
Newser
America's five biggest banks have hammered out a $26 billion settlement for their role in causing the mortgage meltdown, reports the Wall Street Journal. The deal—the biggest of its kind since 1998's $206 billion settlement with the tobacco industry—was hammered out during almost a year of negotiations between the banks and all 50 state attorneys general...
February 20, 2012
Bend Bulletin
Years before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game...
February 19, 2012
wtsp.com
Critics are opposing a bill they claim introduces nonjudicial foreclosures to Florida, favors banks and threatens homeowners' rights, but the Naples legislator sponsoring it insists the opposite is the case...
February 16, 2012
Worcester Business Journal
Foreclosures have plagued the residential real estate market for most of the last five years, becoming so common that they’re just part of a new market reality, Hall said. Buyers and sellers accept that there are, and will continue to be, foreclosures...
February 14, 2012
Here Is The City
Attorney General Eric Schneiderman has filed a lawsuit against several of the largest banks in the US
Schneiderman has charged that the creation and use of a private national mortgage electronic registry system known as MERS has resulted in a wide range of deceptive and fraudulent foreclosure filings in New York state and federal courts, harming homeowners and undermining the integrity of the judicial foreclosure process...
February 12, 2012
KTAR.com
PHOENIX - Allowing owners of foreclosed homes to remain as renters for at least a year would stabilize neighborhoods and minimize the fallout for families, a state lawmaker contends. ..
February 09, 2012
Bloomberg
Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35,000 or more in cash to delinquent homeowners to sell their properties for less than they owe.
February 08, 2012
New York Times
One of the largest companies that provided home foreclosure services to lenders across the nation, DocX, has been indicted on forgery charges by a Missouri grand jury — one of the few criminal actions to follow reports of widespread improprieties against homeowners.
February 06, 2012
Newser
California and New York are close to signing on to the Obama administration's multibillion dollar mortgage robo-signing settlement, significantly expanding the deal, the New York Times reports.
February 1, 2012
AZ Central.com
Frank "Kyle" Robertson will appear before the Arizona Supreme Court representing the Homeowner Advocacy Unit at the Sandra Day O'Connor College of Law, Southern Arizona Legal Aid and Jean Braucher, a law professor at the University of Arizona.
January 30, 2012
San Francisco Chronicle
California lawmakers voted to extend a law passed during the peak of the mortgage crisis that provides added protections for property owners, renters and neighbors of foreclosed properties...
January 28, 2012
Atlanta Journal Constitution
The five largest U.S. mortgage lenders have agreed to a $25 billion settlement over foreclosure practices, but with scant details, consumer advocates in Georgia say they have concerns about its effectiveness...
January 27, 2012
JD Supra (press release)
Short sales are growing in popularity as lenders and borrowers are striving to avoid the foreclosure process. Because the market is flooded with homes for sale, it is imperative that the seller make their home more attractive to buyers interested in a short sale. Below are a few tips for the seller of a short sale home:..
January 26, 2012
AZ Central.com
Protection from personal liability for homeowners is limited to mortgage loans used to purchase the home. In other words, a purchase money mortgage lender cannot sue for a deficiency after foreclosure, nor file a collection lawsuit for the amount of the loan.
January 24, 2012
Honolulu Star-Advertiser
A handful of bills dealing with home foreclosures in Hawaii have been introduced at the state Legislature this year, including one that would have the state pay off troubled mortgages, then rent or sell the homes back to occupants.
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